The business transactions of Robinson Company are given below. Robinson factory manufactures furnitures and accounts manufacturing job-costing system using normal costing.

• Begin its operations with the given balances (on excel sheet).
• Purchase of direct $30.000 and indirect $20.000 materials on account.
• Usage of direct material is $70,000, and indirect material is $10,000.
• Direct manufacturing labor is $30,000, and indirect manufacturing labor is $20,000.
• Incurrence of electricity usage for the factory is $2,000, sales store is $1.000.
• Allocation of manufacturing overhead is $20,000.
• Completion and transfer to finished goods is 34.000 units.
• Depreciation expense for the sales store is $3.000, factory is $8.000.
• Incurrence of marketing and customer-service cost is $30,000.
• Purchase of insurance policy for the car is $1.000.
• 12.000 units sold at a unit sales price of $30.

Requirements: Journalize the transactions above. Calculate the cost of goods sold (using FIFO) and Prepare an income statement with a separate supporting schedule of cost of goods manufactured.